Lincoln Property Company Brokers Two Leases Totaling 17,903 Square Feet in Metro Atlanta
Lincoln Property Company Southeast has brokered two metro Atlanta leases totaling 17,903 square feet on behalf of OA Development.
Hunter Henritze and Michael Howell, both vice presidents of leasing for Lincoln Company Property Southeast, represented OA Development in the transactions.
The transactions are as follows:
• Dispersive Solutions, Inc. signed a lease for 10,907 square feet in the Lakeview 400 office park, located at 2555 and 2575 Westside Parkway in Alpharetta, Ga. Kathy Burke at Cresa Partners represented the tenant.
With this transaction, Lakeview 400 is now 90 percent leased, with only 15,003 square feet of vacancy remaining.
• Peak 10, Inc. signed a lease for 6,996 square feet in Northwoods Business Center, located at 3000 Northwoods Parkway in Norcross, Ga. Wendy McArthur of CBRE represented the tenant.
Lincoln has now brokered more than 20,000 square feet of new leases, renewals and expansions at Northwoods Business Center in the past six months.
Earlier this year, Lincoln Property Company Southeast won leasing assignments for four metro Atlanta office properties owned by OA Development and totaling nearly 450,000 square feet. In addition to Lakeview 400 and Northwoods Business Center, the portfolio includes 2400 Lake Park Drive in Smyrna and Bluegrass Promenade in Alpharetta.
About OA Development
OA Development, founded in 1993, is known for its savvy pairing of local and global capital with high-quality commercial properties in the Southeast and Midwest regions. OA is creating a portfolio that capitalizes on deleveraged pricing and value-added opportunities. OA’s success in a market that is starved for capital is a result of the team’s ability to combine exhaustive due diligence, strong investor relationships, creative financing and an impressive track record of seeing deals through to closing. OA is well positioned to continue to acquire new projects and unlock unprecedented value in a market that is experiencing larger valuation changes than any time over the past 80 years. Since 2009 OA has acquired 800,000 square feet of space and generated above-market returns. Our investors are anticipating healthy rates of return in the near term as the real estate market moves through its recovery cycle.